Kiribati - GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Kiribati was 284,691,700 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 286,888,800 in 2019 and 91,271,620 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 91,271,620
1991 94,358,210
1992 97,355,110
1993 100,529,400
1994 104,446,400
1995 106,636,500
1996 110,429,500
1997 114,277,600
1998 123,141,700
1999 122,997,800
2000 133,606,600
2001 134,529,300
2002 141,833,100
2003 147,365,500
2004 148,867,200
2005 161,105,200
2006 165,898,800
2007 173,822,000
2008 173,496,900
2009 176,223,000
2010 176,629,400
2011 183,193,900
2012 195,508,000
2013 207,324,000
2014 209,685,800
2015 233,708,400
2016 248,293,900
2017 255,212,700
2018 271,208,400
2019 286,888,800
2020 284,691,700

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GDP and GDP per capita estimates are converted into international dollars using purchasing power parity (PPP) rates. PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity